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 Replies: 30 / Views: 3,976 |
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New Member
United States
8 Posts |
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Pillar of the Community
United States
3479 Posts |
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New Member
United States
22 Posts |
Type 1. Either 1916 or 1917. Can't see enough detail to tell which year.
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Pillar of the Community
Canada
4944 Posts |
Quote:
Type 1. Either 1916 or 1917. Can't see enough detail to tell which year. Looking at the picture again - It looks like a type 2. The eagle would be a lot closer to "Quarter Dollar" on the reverse. Edited by Canadian-Banknotes
03/04/2017 11:21 pm
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Rest in Peace
10197 Posts |
Did you do good? Figure 13,3 times face value of your snag. By the looks of it, it is indeed culls, nastiest of the nasties, no date, worn beyond recognition, damaged. The melt value needs to reflect the wear (loss of total weight). If you have any coins with a readable date I'd set them aside for possiblr ID/resale...other is just crap bullion saved for the apocalypse!  |
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New Member
 United States
8 Posts |
Thanks for the quick replies, I will stay away from junk silver if it looks like this. The bag weighed 575.1 grams and I didn't take my time. This is a breakdown: 182 Mercury & pre-64 dimes 23 quarters 1 Peace dollarAbout 6 Barber halvesEdited by silversled
03/04/2017 10:55 pm
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Bedrock of the Community
 United States
12477 Posts |
Given the total weight and coins, I calculated about $300 worth of silver currently (accounting for .900 alloy).
So, I guess not bad for junk silver.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Pillar of the Community
United States
3843 Posts |
Where did you purchase this lot? I've seen some ugly junk silver but this stuff looks like metal detecting finds. Surely this stuff is considerably underweight and would be purchased based on that weight.
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New Member
United States
8 Posts |
I got it from a pawn shop, I hope I can get my money back. Do you guys pass on junk silver if the coins are cull?
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Valued Member
United States
294 Posts |
I guess you're not a coin collector.
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Pillar of the Community
United States
3184 Posts |
Dont buy culls like that....i sold some nice 90% today for 12x fv and mine werebt even culls!!
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Bedrock of the Community
United States
12477 Posts |
Why do you want to get your money back? You paid $250 for $300 worth of silver. It doesn't matter what it looks like, only how much it weighs and the purity.
Whether you're a "coin collector" or not, I don't think that's a bad deal.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Edited by spru
03/05/2017 03:10 am
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Bedrock of the Community
United States
12477 Posts |
Quote:
i sold some nice 90% today for 12x fv and mine werebt even culls!! Depending on what you sold (dimes, quarters, halves, dollars?), it sounds like you got a bad deal. Junk silver is just that - no value beyond metal content. What's the negativity about? Edit: If anyone has some numbers concerning current silver prices that makes this a bad deal, please post. It's not about what is or is not "junk" silver or what someone else did at another point in time when silver was lower/higher. It's in the title. In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Edited by spru
03/05/2017 03:17 am
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Pillar of the Community
United States
1305 Posts |
I've bought lots & lots of junk silver, but I don't think I've ever seen any as ugly as these, JMHO. You can find vg-vf junk silver coins for melt all day long, but these look like they were in the smelter, before someone pulled them out.
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Pillar of the Community
United States
2189 Posts |
182 Mercury & pre-64 dimes $236.59 23 quarters $74.75 1 Peace dollar $13.90 About 6 Barber halves $39.00 Added together $364.24 in Silver melt value. I think you did pretty good. Edited by jasper62
03/05/2017 07:50 am
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Pillar of the Community
Canada
5239 Posts |
The value cannot be calculated from the face value as they are highly worn, but since you have the weight, at current Kitco prices,575.1 grams of 90% has $299 of silver. Kitco would buy 90% silver coins for .47 per gram or $270. Having never sold to them I do not know if they reject culls.
So strictly from a silver point of view, it is a good deal, and if you neglect the shipping charges you could get a slight profit.
Personally I would not buy it since I attach some value to the esthetics of the coins I buy, but the value I attach to the look should not be relevant to you.
Edited by oriole
03/05/2017 07:42 am
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Replies: 30 / Views: 3,976 |
Posted 03/04/2017 10:38 pm
